Quality of Life in Albuquerque, NM
Income Overview
- Annual Salary: $62,400
- This salary is slightly above the median household income for Albuquerque, aligning closely with the national median income, providing a comfortable living situation for an individual or a small family.
Cost of Living
- General Cost Index: Slightly below the national average
- Groceries, transportation, and utilities tend to be more affordable compared to other urban areas in the U.S.
- Entertainment and Dining: Variety of options available at reasonable prices
- Numerous cultural festivals, art scenes, and local dining offer great value.
Housing Market
- Median Home Price: Approximately $310,000
- Lower than the national median home price, allowing more financial flexibility when purchasing a home.
- Rental Market: Reasonably priced
- Offers a range of options from apartments to modest single-family homes, suitable for various budgets.
Quality of Life
- Environment and Climate: High quality
- The climate is generally mild with beautiful landscapes, offering a pleasant atmosphere for outdoor activities, appealing to those who enjoy nature.
- Community and Culture: Rich cultural heritage
- Albuquerque celebrates a diverse cultural history, blending Native American, Hispanic, and modern influences.
Access to Healthcare
- Healthcare Facilities: Adequate
- Several high-quality hospitals and clinics, though some residents may experience longer wait times for specialists compared to national urban standards.
- Health Insurance: Generally aligns with national averages
- Available through both employer plans and the marketplace, though costs will vary based on personal situations.
Quality of K-12 Schools
- Public Education: Mixed ratings
- Schools vary from highly rated to needing improvement; parents often supplement education with extracurricular activities.
- Alternative Education Options: Available
- Charter and private schools offer additional choices for families seeking different educational approaches.
Overall Assessment
Living in Albuquerque, NM, on an annual salary of $62,400 offers a comfortable quality of life relative to the cost of living. The affordable housing market provides opportunities for homeownership, while the city’s rich cultural scene and outdoor activities enhance life quality. While healthcare access is generally sufficient, some improvements could benefit specialty care access. The education system presents a mixed picture, but with alternative options available, families can tailor their children’s learning experiences.
